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CT2015-1597 Increase Approval Letter
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CT2015-1597 Increase Approval Letter
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Last modified
9/13/2016 8:25:16 AM
Creation date
5/23/2016 2:03:04 PM
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Template:
Loan Projects
Contract/PO #
CT2015-1597
Contractor Name
Oligarchy Irrigation Company
Contract Type
Loan
Loan Projects - Doc Type
Approval Letter
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* 0NR COLORADO Dam Outlet Works Rehabilitation <br /> coai <br /> , Colorado Water <br /> Conservation Board Oligarchy Irrigation Company <br /> Depa.rrerf of Natu,11 Rr,ou,ce, May 2016 Board Meeting <br /> (Loan Increase) <br /> LOAN D E T A I L S <br /> Project Cost: $992,200 � L- - <br /> CWCB Loan (with Service Fee): $901,930 <br /> Loan Term and Interest Rate: 30 Years @ 2.40% elf <br /> Funding Source: Construction FundBORROWER TYPE 11,,14,4-5 --is-2 <br /> Agriculture Municipal (TBD) Commercial <br /> 25.4% 0% Low - 74.6%Mid - 0% High 0% <br /> PROJECT DETAILS3 <br /> Project Type: Dam Rehabilitation 7 r <br /> Average Annual Delivery: 7,966 AF L.)2 Water Supply Storage Preserved: 1,737 AF //411Wie <br /> L OC A T ION <br /> The Oligarchy Irrigation Company owns and operates the County: Boulder <br /> Oligarchy Res No. 1 Reservoir, also known as Burch Lake. Water Source: St Vrain Creek <br /> The reservoir stores 1,737 acre-feet of water and is Drainage Basin: South Platte <br /> classified as a significant hazard dam by the Office of the Division: 1 District: 5 <br /> State Engineer (SEO). The purpose of the project is to <br /> avoid a SEO storage restriction by rehabilitate the <br /> reservoir's outlet works. Work is to include a new unpressurized outlet pipe, an upstream guard gate, <br /> and a way to inspect the outlet works system. Bids were received in April 2016 and were higher than <br /> the original construction estimate. Construction is expected to start in summer 2016 and be complete <br /> by fall 2016. <br /> • R70W • <br /> ,. PALMEroN- cove, <br /> 'roar \• <br /> Lake _ HWY 66 _ ( ) --• <br /> "WAOEGAODIS WT'—•---, - - j•J s..'F'-•-.___+^_ � <br /> PROJECT OLIGARCHY#1 <br /> SITE RESERVOIR I \ \ <br /> ,,ye.:..r lxileprautent ff«Irl1 Lu1,-,- In <br /> \ V` <br /> Rey • \ <br /> A <br /> 4 J <br /> L.�,,,A -f-r e 4 DITCH -. i?5 <br /> T� 4Q,,la�ARCHY OlTCJi <br /> ,rlti ,,^r, :4. - <br /> jAz <br /> , <br /> Water Project Loan Program - Project Data Sheet <br />
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